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Sorry what? Are you saying that every shop will short change you in the Netherlands? There would be uproar here in the UK. That one penny will be handed to you

Sorry what? Are you saying that every shop will short change you in the Netherlands? There would be uproar here in the UK. That one penny will be handed to you 100% of the time in the UK. Surely if such a policy was in force they should be forced to round down and so return you 5 cents.

Freak_NL 3y ago
Short or long change you, depending on the amount, so in the long run it evens out assuming you buy multiple items at a time with a certain variance in cost. €2.97 will net you 2 whole cents if you pay €3 in cash and get a five cent coin back. It's legal: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...
jeroenhd 3y ago
There's a lot of rounding in stores. I don't think anyone cares for 1 cent coins (most stores don't accept them anyway). With digital payments taking care of transferring the exact amount with no additional surcharges for at least 20 years, I don't think it's a pressing issue. If I cared for my 1 cent, I'd pay through NFC or by card. Stores are allowed to round to round to 0 or 5 cent if they indicate they do. This can also work in your favour; €1,07 will be rounded down to €1,05 if the store rounds to fives, and you should be given your 5 cent coin if you pay with €1,10. I've never checked if stores actually do that, though; I think it's been a decade since I last paid with cash at the grocery store, so all I can tell you is the law and explanation the government provides: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...
Symbiote 3y ago
See https://en.wikipedia.org/wiki/Cash_rounding https://en.wikipedia.org/wiki/Cash_rounding It's been discussed by policitians in Britain, but as far as I know there are no plans to introduce it.

Freak_NL 3y ago

Short or long change you, depending on the amount, so in the long run it evens out assuming you buy multiple items at a time with a certain variance in cost. €2.97 will net you 2 whole cents if you pay €3 in cash and get a five cent coin back. It's legal: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...

jeroenhd 3y ago

There's a lot of rounding in stores. I don't think anyone cares for 1 cent coins (most stores don't accept them anyway). With digital payments taking care of transferring the exact amount with no additional surcharges for at least 20 years, I don't think it's a pressing issue. If I cared for my 1 cent, I'd pay through NFC or by card. Stores are allowed to round to round to 0 or 5 cent if they indicate they do. This can also work in your favour; €1,07 will be rounded down to €1,05 if the store rounds to fives, and you should be given your 5 cent coin if you pay with €1,10. I've never checked if stores actually do that, though; I think it's been a decade since I last paid with cash at the grocery store, so all I can tell you is the law and explanation the government provides: https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-antwoord/mogen-winkeliers-betalingen-afronden-op-0-eurocent-of-5-eurocent https://www.rijksoverheid.nl/onderwerpen/geldzaken/vraag-en-...

Symbiote 3y ago

See https://en.wikipedia.org/wiki/Cash_rounding https://en.wikipedia.org/wiki/Cash_rounding It's been discussed by policitians in Britain, but as far as I know there are no plans to introduce it.